U.S. inventory software
The heat wave of A-share holdings this year has been pushed up by the influx of outstanding shares. According to data, in 2020, a total of 2,384 listed cU.S. inventory softwareompanies will lift the ban on new shares, corresponding to a total market value of approximately 61 trillion yuan. In 2018 and 2019, this value was only 92 trillion yuan and 30 trillion yuan respectively.
Drugs negotiated successfully in 2019 will be included in the National Medical Insurance Category B catalog, and the local medical insurance catalog has no right to transfer, nor can it change the payment standard or limit the payment, and coordinate the area to determine the payment ratio. The negotiated payment standard is valid for 2 years (2020-2021).
On the 13th, the European Commission announced that it has completed tentative negotiations to pre-order 200 million doses of the new coronavirus vaccine under development from Johnson & Johnson in the United States. The agreement also includes the EU's right to first purchase another 200 million doses of Johnson & Johnson vaccine. In addition, the European Union and AstraZeneca signed a purchase agreement to purchase at least 300 million new crown vaccines, and another 100 million can be optionally purchased. The European Union announced in July that it has completed preliminary negotiations with the French Sanofi Group to purchase 300 million doses of the new crown vaccine that Sanofi and GlaxoSmithKline are co-developing. The EU stated that the EU is also negotiating pre-purchase agreements with Pfizer Pharmaceuticals, Modena, and German Cure Vaccines.
Several analysts told reporters that the current overall increase in agricultural product prices is driven by three factors: first, for soybeans, corn, and soybean meal, the emergence of turning points in the industrial cycle is an important reason for price increases; second, short-term prices for rice and wheat Mainly affected by supply news in overseas markets; third, before the launch of this round of gains, the prices of early rice, japonica rice and wheat futures were all at historical lows.
However, the total financing scale of the A-share market this year is 978.3 billion yuan, which is not high compared to previous years. The A-share market financing scale exceeded 5 trillion yuan in 2019, and even exceeded 2 trillion yuan in 2016.
Establish a general public budget performance management system. Governments at all levels should strengthen general public budget performance management. In terms of income, we must focus on the income structure, collection efficiency, and implementation effects of preferential policies. In terms of expenditures, we must focus on theU.S. inventory software efficiency of budget allocation and use efficiency, especially the implementation effects of major policies and projects. Among them, transfer payment budget performance management should comply with the regulations on the division of fiscal powers and expenditure responsibilities, and focus on promoting regional financial coordination and regional balanced development. . At the same time, actively carry out government investment funds, sovereign wealth funds, government and social capital cooperation (PPP), government procurement, government purchase services, and government debt project performance management involving general public budget and other financial funds.
Looking at the world, A-shares performed very well in July, with the three major stock indexes ranking among the top three major global indexes. After the A-shares, Taiwan’s weighted gains were 98%, and the newly released Science and Technology 50 rose by 5%. On the contrary, the three indexes of Britain's FTSE 100, Nikkei 225 and France's CAC40 fell in July, with a decrease of 96%, 59% and 47% respectively. (European stock markets are based on statistics at the time of writing, and US stock markets are as of July 30)
The role of the ChiNext market in serving the real economy is becoming increasingly prominent. According to statistics, as of August 31, a total of 62 companies have landed on the ChiNext through IPOs this year, with a total of 432.9 billion yuan in initial funds raised. Both the number of IPOs and the total amount of funds raised have doubled over the same period last year. On August 24, with the listing and trading of the first batch of 18 registered new shares, the Growth Enterprise Market officially entered the zero era. After the implementation of the registration system on the Growth Enterprise Market, the inclusiveness and coverage of the market has been increased, and more growth-oriented innovative and entrepreneurial companies have provided direct financing opportunities. The total funds raised by the first batch of 18 companies listed under the registration system was 20.06 billion yuan, with an average of more than 1.1 billion yuan. At the same time, the number of GEM refinancing projects and the scale of fundraising also ushered in considerable growth. In the first half of the year, the number of companies that disclosed convertible bond issuance plans and non-public issuance plans on the Growth Enterprise Market reached 45 and 165, respectively. The total proposed funds were 413.2 billion yuan and 187.1 billion yuan, compared with the number of corresponding companies in the same period last year. And the amount of funds to be raised is only 25 and 16, respectively, 216.1 billion yuan and 14.006 billion yuan. In addition, the delisting of enterprises has also become a normal trend. Since the beginning of this year, a total of 6 companies on the Growth Enterprise Market have delisted or are about to be delisted. The survival of the fittest mechanism has worked well, which has further improved the efficiency of resource allocation in the market. At present, 4 companies including LeTV, Jinya Technology, Shengyun Environmental Protection, and Shenwu Environmental Protection were officially delisted in July and August. Qianshan Pharmaceutical Machinery has entered the delisting period, and Baofeng Group (300431) has disclosed the termination Listing announcement. In the first half of this year, the overall performance of the ChiNext also achieved strong growth. As of August 31, with the exception of Qianshan Yaoji and Baofeng Group, all ChiNext companies have disclosed their operating results for the first half of 2020. In the first half of the year, GEM companies achieved an average net profit of 83 million yuan, a year-on-year increase of 197%. Among them, the average operating income and net profit realized by GEM companies in the second quarter were 8.5 billion yuan and 59 million yuan, up 469% and 1437% respectively from the previous quarter, showing strong development momentum. Since its establishment, the Growth Enterprise Market has always adhered to the strategy of serving the country’s innovation-driven development, focusing on supporting the development of innovative and growing enterprises. In the first half of this year, GEM companies continued to increase R&D investment, with R&D expenses totaling 347.5 billion yuan, an increase of 01% year-on-year. Among them, CATL (300750) has the largest R&D investment scale. The R&D expenditure in the first half of the year reached 19.8 billion yuan. Mindray Medical (300760), Lens Technology (300433), Xinwangda (300207), Sangfor (300454), Inovance Technology ( 300124) and other companies' research and development expenses have reached more than 500 million yuan.
On December 4, Beijing Capital bought over 3.7 billion yuan. The performance of liquor stocks was divided. Kweichow Moutai bought a net 12.9 billion yuan, while Wuliangye (000858) was net sold 800 million yuan. Oriental Fortune (300059), Midea Group (000333) and Hengrui Pharmaceutical (600276) received net purchases of 9.6 billion yuan, 8.9 billion yuan and 0.2 billion yuan respectively. Vanke A and China Merchants Bank were net sold over 200 million yuan.
On November 2nd, Jiangling Motors reached its daily limit again, with 3 boards on the 4th. After the market, the Long Tiger List showed that Shenzhen Stock Exchange bought 43.52 million yuan and sold 25.62 million yuan. In addition, Galaxy (601881) Shaoxing sales department also bought 19.94 million yuan. Since October 29, Shenzhen Stock Connect has been on the list of companies' Dragon and Tiger list for many consecutive days.